American Banker

JULY 2, 2023

How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington. Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks.

Capital 87

Capital Regulation Washington Lending 87

American Banker

FEBRUARY 2, 2024

Brandon Milhorn, the new CEO of the Conference of State Banking Supervisors, used the platform offered by his first major speech to sound an alarm against one-size-fits-all solutions emanating from Washington. The pendulum has swung too far in the direction of federal regulatory uniformity," Milhorn argued.

Washington 48

Washington Conference Community Bank Community 48

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

Regulation 108

Regulation Washington Virginia Seattle 108

American Banker

SEPTEMBER 27, 2023

based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021. The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based

Rhode Island 68

Rhode Island Washington Lending Compliance 68

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. But now, the regulators are raising the bar … and rates can’t stay at this level forever.”.

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Compliance Regulation Community Bank Community 101

Independent Banker

MARCH 15, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Three-quarters of the community bankers who responded to the survey said the regulations are keeping them from making more mortgage loans. Furthermore, it demonstrates the resonance of the community bank voice in Washington.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Three-quarters of the community bankers who responded to the survey said the regulations are keeping them from making more mortgage loans. Furthermore, it demonstrates the resonance of the community bank voice in Washington.

Washington 70

Washington Community Bank Community Survey 70

American Banker

MARCH 20, 2024

Policy experts say the mix of proposals put forth by the White House could ease the nation's housing shortage, but success will be neither quick nor assured.

Washington 81

Washington Policies National Compliance 81

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

Examples 88

Examples FDIC Washington Compliance 88

Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Starting fresh. Community Bankers Chosen as CFPB Advisors.

Washington 70

Washington Fort Worth Regulation Community Bank 70

Abrigo

FEBRUARY 25, 2022

The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

DECEMBER 28, 2020

Facebook is turning off a number of functions in its Instagram and Messenger apps for European users after new a European Union regulation called the “ePrivacy directive” began covering messaging apps as of Dec. It takes time to rebuild products in a way that work seamlessly for people and also comply with new regulation.”.

Compliance 148

Compliance Google Texas Apple 148

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

OCTOBER 19, 2020

Regulation. EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. Former EU Regulator Says Big Penalties Don’t Impact Big Tech Firms. and Microsoft Corp.

Taxes 143

Taxes Compliance Regulation Google 143

American Banker

APRIL 29, 2016

WASHINGTON – Financial regulators are proposing changes to their standards for evaluating institutions’ compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.

Compliance 28

Compliance Regulation Washington FDIC 28

PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

social media 116

social media Compliance Innovation Regulation 116

American Banker

AUGUST 17, 2023

The small bank in eastern Washington State violated its commitment to regulators by helping the crypto company issue stablecoins. Earlier this year, the bank opted to dissolve itself.

Washington 69

Washington Regulation Company Policies 69

Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Both regulators said proving the necessary capital and profitability have been particularly difficult for […].

Fintech 186

Fintech FDIC Washington Conference 186

American Banker

APRIL 19, 2024

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.

Regional 97

Regional Washington System Policies 97

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

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Groups cryptocurrency Regulation United States 124

Bank Innovation

FEBRUARY 26, 2020

The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry forum organized by the Consumer Financial Protection Bureau in Washington, D.C., on Wednesday.

Data 300

Data Washington Industry Customer Experience 300

American Banker

AUGUST 8, 2023

The payment giant's entry into the stablecoin market is expected to renew the debate over the appropriate regulatory oversight for digital tokens. It could also have ripple effects in areas such as the debate over instant payments.

Washington 36

Washington Payments Marketing cryptocurrency 36

PYMNTS

APRIL 16, 2018

HP is reportedly stepping into the cannabis industry with a new partnership to provide businesses with financial management software, according to The Washington Post. According to the publication, Flowhub will provide compliance, regulatory and reporting support for cannabis companies. The publication cited data from Cowen & Co.

Software 102

Software Marketing Washington Compliance 102

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

JULY 12, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. State and federal regulation can ensure that those consumers are using safe products. Other figures also point to how much consumers are spending on legal retail pot.

Retail 154

Retail Colorado Regulation Compliance 154

American Banker

MARCH 4, 2024

Banco San Juan Internacional is suing the Federal Reserve Bank of New York and the Board of Governors in Washington claiming they wrongfully terminated its access to the federal payments system.

Washington 77

Washington New York System Payments 77

PYMNTS

DECEMBER 30, 2019

To date 43 states and Washington, D.C. The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. It’s all somewhat fragmented and ad hoc at the moment, as city councils coast to coast think of clever ways to leverage the new regulations. Implementation.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

American Banker

NOVEMBER 3, 2021

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Washington 62

Washington Regulation Policies cryptocurrency 62

Perficient

AUGUST 26, 2022

With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators. Current Time Requirements. In place since 2005, a 15-minute outer limit reporting timeframe currently applies to transactions in: Corporate bonds. Agency debt securities.

Report 275

Report DC Security System 275

American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

California 77

California Washington Community Bank Community 77

Independent Banker

AUGUST 31, 2021

Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. How does your bank’s diversity and inclusion (D&I) compliance program compare with the regulatory standards for D&I policies and practices? By Mary Thorson-Wright.

Community Bank 91

Community Bank Policies Community Regulation 91

PYMNTS

DECEMBER 27, 2019

The company is based in San Francisco and operates in the Bay Area, Los Angeles, New York City, Seattle and Washington, D.C. Keeping abreast of regulations and local compliance laws is also a prime focus for any company operating in this general space. Compliance is of absolute importance to us,” Taggar said.

Los Angeles 139

Los Angeles San Francisco New York City Trends 139

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided.

Lending 128

Lending Illinois Compliance Chicago 128

Bank Innovation

APRIL 24, 2019

WASHINGTON, D.C. — Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

Data 170

Data FDIC Washington Conference 170

Independent Banker

MAY 26, 2016

It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Under the glorified goal for “simplification” touted by policymakers cosseted in far-off Washington, D.C.,

Washington 70

Washington Iowa Maine Compliance 70